Auto Money offers car title loans and pawns, providing a fast way to access cash using your vehicle’s title as collateral. However, it’s crucial to understand the terms and conditions before pursuing this financial option.
Understanding Auto Money’s Terms
Auto Money’s website serves as a platform for soliciting title loans and pawns. It’s important to note that submitting an online application isn’t a guarantee of approval. The actual loan or pawn amount, up to a maximum of $20,000, depends on several factors including a completed application, employment status, income, and a vehicle evaluation conducted by an Auto Money employee.
State-Specific Disclaimers: Know the Risks
The terms and conditions for title loans and pawns vary by state. Auto Money emphasizes the high-interest nature of these options and recommends exploring lower-interest alternatives if possible.
- South Carolina: Title loans carry high interest rates, putting your vehicle at risk of repossession if you default.
- Georgia: Title pawns also have high interest. While early payoff is allowed, no interest refund is provided. Extensions require contacting Auto Money directly, and failure to pay at least the interest due can lead to further collection actions.
- North Carolina: Title loan transactions are prohibited.
Application Process: In-Person Approval Required
Auto Money doesn’t offer online loan or pawn approvals. Submitting information through the website simply forwards it to your nearest Auto Money office for contact regarding a potential loan or pawn. A representative will contact you after processing your information. Submitting your application signifies your agreement to be contacted by Auto Money staff.
Existing Customers: Direct Contact for Account Inquiries
Current Auto Money customers should contact their original loan or pawn office directly for account questions or concerns, rather than using the website or email.
Find Your Local Auto Money Office
To find contact information for your nearest Auto Money branch, visit their Find a Location page.
